Suzlon takes a beating, slumps to record low as Q4 loss widens

Shares in Suzlon Energy fell as much as 5.4 percent to a record low on Friday after the wind turbine maker said its January-March net loss widened from a year ago.

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Suzlon posted a net loss of Rs 1,910 crore in the March quarter, compared to a loss of Rs 300 crore a year ago, in results out late on Thursday.

The company's board also approved the issuance of equity and equity-linked instruments of up to Rs 5,000 crore.

Suzlon shares were down nearly 5 per cent at Rs 12.32 as of 10:02 a.m.

Reuters